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Fairfield Road, Market Harborough

East Midlands

£1,300,000
Listed on 02/04/2025

Property Details

Bedrooms
9
Type
Detached house
Area
2411 sqft

Description

This impressive Victorian property, nestled in a desirable area of Market Harborough, presents a significant renovation opportunity for investors or those looking to create their dream home. With nine bedrooms and an expansive layout exceeding 6,500 square feet, the space is ripe for transformation while retaining its historical charm. Set on approximately one and a half acres of land, this property offers ample privacy and the potential for landscaping or further development. The grounds could be subdivided if desired, offering flexibility for future projects. The original structure reflects craftsmanship from the late 1800s, boasting features such as a grand staircase, intricate stained glass windows illustrating local wildlife, and elegant period detailing throughout. The main entrance hall showcases original paneling and a beautiful mosaic floor that sets the tone for the rest of the home. The dining room is adorned with original fittings and an ornate fireplace that speaks to the property's storied past. A full-height cellar adds additional storage or conversion possibilities. Historically divided into two residences during the mid-20th century before being rejoined by its current owners in the late 1990s, this property has unique potential as either a single-family estate or as two separate homes depending on your vision. Renovations will be required throughout to fully realize its potential, making this an ideal project for those looking to invest in real estate with character. Market Harborough itself is well-equipped with excellent amenities including boutique shops, cafes, restaurants, and recreational facilities. Its strategic location provides easy access to major roadways such as the A6 and key transport links including a mainline railway station connecting to London St. Pancras in about an hour. With Leicester just a short drive away offering even more shopping options, this area combines rural charm with urban convenience – perfect for both residential living and investment prospects.

Investment Analysis

(LE16 area)

Above Market Value

This property is priced +63.4% above area average per sq ft

+63.4%
This Property
£539/sq ft
Area Average
£330/sq ft
Avg Rent (weekly)
£261
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £250,000
Target Value
£875,326
10% above area average per sq ft
Potential ROI
-43.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LE16)

Area prices are falling by +4.3% over the last 12 months
3 year growth: -3.2%
5 year growth: 6.7%
Investment Disclaimer: Analysis based on LE16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Fairfield Road, Market Harborough
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£4,762
Based on a loan of £975,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE